The 28th September 2018 saw the world celebrate “Right2Know” day. The Information Regulator (Regulator) is to be congratulated on organising a conference to mark the celebration. Several speakers eloquently emphasised the importance of access to information in an open democracy as well as the enforcement of sanctions against those who do not comply with their obligations. The importance of the handing over of the Regulation of the Promotion of Access to Information Act to the Information Regulator was also addressed as the South Human Rights Commission has never enjoyed the enforcement powers granted to the Regulator.
On the 25th July 2018 as a result of announcements that were made by Facebook relating to its future revenues the market value of Facebook dropped by US$ 148 billion (or R1,95 trillion). This is almost half of South Africa’s total GDP in 2016.
While there may be several reasons for the decline in Facebook’s revenue which led to the sell-off of shares, one of the three primary factors for the decrease in projected profitability of Facebook is the focus on privacy and security.